In 2005, when Facebook was only one year old baby and still called TheFacebook, co-founder and CEO Mark Zuckerberg offered to sell the social-media startup to MySpace for $75 million.
Deal or No Deal? MySpace CEO Chris DeWolfe said no deal. After a year, Zuckerberg gave it a try. This time he multiplied the price ten times, upping the price to $750 million. Without thinking twice, DeWolfe again refused which soon to be one of the biggest regrets in his life.
Now Facebook is a worth $274 billion company and where is MySpace? *kroo kroo*
In 2006. Yahoo tried to buy facebook for $1 billion. Zuckerberg might prospect the future of the social media goliath as he turned down the offer.
In this infograph, we will recall 10 offers to emerging tech companies that were declined. Then, looking back in retrospect, it shows whether the deal was a “win” or a “fail” based on the current value of the company.
1. In 2008, Microsoft offered to buy Yahoo for $44.6 billion. Yahoo failed as it only worth now $43 billion.
2. In 2010, Google offered to buy Groupon for $6 billion. Groupon failed as it only worth now $5 billion.
3. In 2006, Yahoo offered to buy facebook for $1 billion. Facebook won as it now worth $245 billion.
4. In 2008, Facebook offered to buy twitter for $500 million. Twitter won as it now worth $23 billion.
5. In 2008, Google offered to buy Digg for $200 million. Groupon failed as it was sold to Betaworks on 2012 for only only worth $500 thousand.
6. In 2003, Google offered to buy Friendster for $30 million. Friendster failed as it was acquired for only worth $26.4 million and is now defunct.
7. In 2010, Google offered to buy Qwiki for $150 million. Qwiki failed as it was acquired for only worth $50 million and is now defunct.
8. In 2013, Facebook offered to buy Snapchat for $3 billion. Snapchat won as it now worth $16 billion.
9. In 2014, Google offered to buy Whatsapp for $10 billion. Whatsapp won as it was acquired by Facebook for $19 billion.
10. In 2005, MySpace offered to buy Facebook for $75 million. Facebook won as it now worth $245 billion.